French utility acquires 30 per cent of TerraCycle's activities in Europe as part of efforts to tackle waste that is not recyclable through traditional channels
French utility Suez has acquired 30 per cent of recycling specialist TerraCycle's activities in Europe as part of a partnership that aims to offer new and innovative solutions for tackling waste that has previously not been recyclable.
Suez, which focuses on water treatment and waste management, said last week the partnership will help it expand its range of waste collection and recycling services in Europe, with the firm planning a particular focus on recycling waste streams for products that have complex packaging and therefore specific collection and sorting solutions.
Since it was founded 15 years ago, TerraCycle has developed selective collection systems for the recycling of more than 100 waste streams not handled by traditional recycling channels, including used coffee capsules, cigarette butts and beauty products.
The New Jersey-based firm works with nearly 60 million collectors in 20 countries through sponsored volunteer collection programmes as well as offering recycling services paid for by companies.
Its programmes include Zero Waste Boxes which can be filled with a wide assortment of household and office waste not usually collected by recycling services, and the free cigarette butt recycling service launched last year across the UK and funded by tobacco manufacturer Japan Tobacco International (JTI).
The new partnership with Suez aims to develop collection and recycling programmes in Belgium, Finland, France, the Netherlands, the UK and Sweden.
Jean‐Marc Boursier, deputy chief executive for Suez's recycling and recovery business in Europe, said the partnership hopes to increase capture rates for recycling across the continent.
"Its aim is to recycle more and more waste, even the most complex, by relying on the commitment of everyone - including citizens, municipalities and businesses - wishing to transform waste into new resources for an even more circular and more virtuous economy in Europe," he said in a statement.
Tom Szaky, chief executive of TerraCycle, said the new partnership will speed up the firm's development in Europe while also expanding Suez's public-facing recycling opportunities. "Our programs are among the most innovative for promoting recycling," he said in a statement. "With Suez's expertise, TerraCycle will offer more customised recycling solutions tailored to various waste streams."
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